PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587652
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1587652
Air Suspension Market Forecasts to 2030 - Global Analysis By Component (Air Springs, Shock Absorbers, Air Compressors, Electronic Control Units (ECU), Height Sensors, and Other Components), Vehicle, Technology, End User and By Geography
According to Stratistics MRC, the Global Air Suspension Market is accounted for $7.2 billion in 2024 and is expected to reach $12.0 billion by 2030 growing at a CAGR of 8.8% during the forecast period. Air suspension is a type of vehicle suspension that uses air springs, or air bags, instead of traditional steel springs. It uses a compressor to adjust the ride height and firmness, providing a smoother and more comfortable driving experience. Air suspension systems are commonly found in heavy-duty vehicles, luxury cars, and buses, where load handling and comfort are prioritized. The electronic sensors and control units in air suspension regulate air pressure within air bags, enhancing stability, reducing vibration, and improving fuel efficiency. Thus the main purpose of air suspension is to provide a smooth and constant ride quality to drivers and passengers.
Market Dynamics:
Driver:
Enhanced vehicle comfort and ride quality
Air suspension systems are becoming more and more popular as a result of consumers' growing desire for comfort and luxury in automobiles. Buyers of luxury and high-end vehicles find these systems appealing since they reduce vibrations and absorb irregularities in the road. Moreover manufacturers find air suspension systems more appealing because of technological improvements including electronically controlled systems that provide changeable ride height and firmness, improving handling, stability, and passenger enjoyment which boosts the market growth.
Restraint:
Potential for air leaks and system failures
Air suspension system failures can lead to frequent repairs, increased costs, and extended downtime for owners. This can also reduce consumer confidence in air suspension technology, leading to a decline in demand. These air leaks can cause uneven ride height and reduced stability, potentially compromising safety at high speeds or adverse weather conditions. In addition severe cases, complete system failure can result in a loss of control, increasing the risk of accidents hampering the market growth.
Opportunity:
Increasing consumer expectations for smooth and comfortable vehicle ride
Consumers are increasingly demanding advanced air suspension systems for improved comfort and personalized features, such as adjustable ride height and stiffness. This demand is driven by the desire for superior ride quality and the ability to customize the driving experience, which in turn boosts market growth and encourages manufacturers to innovate and improve air suspension technology.
Threat:
Complex technology and maintenance requirements
Air suspension systems use sophisticated parts like sensors, ECUs, and solenoid valves, their production prices may go up, which could put off consumers on a tight budget and restrict their use in lower-end car segments. Furthermore, these systems need to be inspected and maintained on a regular basis, which includes monitoring for air leaks, maintaining the right pressure, and repairing components. This could put off prospective purchasers who would rather have low-maintenance solutions.
Covid-19 Impact:
The COVID-19 pandemic significantly disrupted the automotive air suspension market, causing severe supply chain challenges and production halts. As logistics were affected, the availability of raw materials dwindled, leading to a downturn in manufacturing activities across the sector13. Despite these setbacks, demand for air suspension systems is projected to rebound as vehicle production resumes, particularly in luxury segments where comfort is prioritized.
The air springs segment is expected to be the largest during the forecast period
The air springs segment is expected to be the largest during the forecast period owing to its greater stability, reduced body roll, adjustable suspension, and improved ride quality, air springs are widely used. They provide buses, commercial trucks, and passenger cars a smoother ride by adapting to loads and road conditions, these technologies also affect market demand by improving handling and performance, especially when large loads or off-road situations are involved.
The electronically controlled air suspension segment is expected to have the highest CAGR during the forecast period
During the projection period, the electronically controlled air suspension segment is expected to grow at the highest CAGR as they automatically modify suspension settings according to road conditions, vehicle load, and driving style, improving both performance and comfort. Additionally, especially in high-performance and luxury automobiles, they improve cornering stability, minimize body roll, and optimize dynamics in real-time to improve vehicle handling this integration is common in these markets and is generating demand for them.
Region with largest share:
The North America is region is projected to account for the largest market share during the forecast period due to North American regions safety regulations are driving manufacturers to adopt advanced suspension technologies, such as air suspension systems, to enhance safety and improve vehicle performance. Compliance with these regulations is a significant driver for adopting these technologies to integrate sustainable technologies which further boosts the market growth.
Region with highest CAGR:
Asia Pacific is anticipated to witness the highest rate of growth during the forecast period owing to the growing demand for passenger and commercial vehicles is driving a notable increase in vehicle production in the Asia Pacific region, which includes China, India, and Japan. Air suspension systems are also helping heavy commercial vehicles, such as trucks and buses, by improving stability and ride comfort under various load scenarios. Thus as more manufacturers include these systems in their models, the market for air suspension is growing.
Key players in the market
Some of the key players in Air Suspension Market include AccuAir Control Systems, L.L.C., Airlift Company, Arnott Industries, Continental AG , Dunlop Systems and Components, Firestone Industrial Products Company, LLC, Hendrickson International, Hitachi Astemo Ltd., Mando Corporation, SAF Holland, Stemco, Tenneco Inc., ThyssenKrupp AG, Vibracoustic SE, ZF Friedrichshafen AG.
Key Developments:
In October 2024, Hitachi Rail unveiled the 'HMAX' AI Solution, Accelerated by NVIDIA, to Optimize Trains, Signaling and Infrastructure. Collaboration with NVIDIA means Hitachi Rail's digital solutions will be powered by the NVIDIA IGX industrial-grade, enterprise-ready edge AI platform, providing powerful AI computing on every asset.
In October 2024, Continental is boosting the production capacity of its tire plant in Rayong, Thailand, by additional 3 million units per year. The gradual expansion plan of the operations stands for a planned total investment of more than 300 million euros (13 billion Thai Baht).
Components Covered:
- Air Springs
- Shock Absorbers
- Air Compressors
- Electronic Control Units (ECU)
- Height Sensors
- Other Components
Vehicles Covered:
- Light Duty Vehicles
- Trucks
- Buses & Coaches
- Other Vehicles
Technologies Covered:
- Electronically Controlled Air Suspension
- Non-Electronically Controlled Air Suspension
- Other Technologies
End Users Covered:
- Original Equipment Manufacturers
- Aftermarket
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Air Suspension Market, By Component
- 5.1 Introduction
- 5.2 Air Springs
- 5.3 Shock Absorbers
- 5.4 Air Compressors
- 5.5 Electronic Control Units (ECU)
- 5.6 Height Sensors
- 5.7 Other Components
6 Global Air Suspension Market, By Vehicle
- 6.1 Introduction
- 6.2 Light Duty Vehicles
- 6.3 Trucks
- 6.4 Buses & Coaches
- 6.5 Other Vehicles
7 Global Air Suspension Market, By Technology
- 7.1 Introduction
- 7.2 Electronically Controlled Air Suspension
- 7.3 Non-Electronically Controlled Air Suspension
- 7.4 Other Technologies
8 Global Air Suspension Market, By End User
- 8.1 Introduction
- 8.2 Original Equipment Manufacturers
- 8.3 Aftermarket
- 8.4 Other End Users
9 Global Air Suspension Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 AccuAir Control Systems, L.L.C.
- 11.2 Airlift Company
- 11.3 Arnott Industries
- 11.4 Continental AG
- 11.5 Dunlop Systems and Components
- 11.6 Firestone Industrial Products Company, LLC
- 11.7 Hendrickson International
- 11.8 Hitachi Astemo Ltd.
- 11.9 Mando Corporation
- 11.10 SAF Holland
- 11.11 Stemco
- 11.12 Tenneco Inc.
- 11.13 ThyssenKrupp AG
- 11.14 Vibracoustic SE
- 11.15 ZF Friedrichshafen AG
List of Tables
- Table 1 Global Air Suspension Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Air Suspension Market Outlook, By Component (2022-2030) ($MN)
- Table 3 Global Air Suspension Market Outlook, By Air Springs (2022-2030) ($MN)
- Table 4 Global Air Suspension Market Outlook, By Shock Absorbers (2022-2030) ($MN)
- Table 5 Global Air Suspension Market Outlook, By Air Compressors (2022-2030) ($MN)
- Table 6 Global Air Suspension Market Outlook, By Electronic Control Units (ECU) (2022-2030) ($MN)
- Table 7 Global Air Suspension Market Outlook, By Height Sensors (2022-2030) ($MN)
- Table 8 Global Air Suspension Market Outlook, By Other Components (2022-2030) ($MN)
- Table 9 Global Air Suspension Market Outlook, By Vehicle (2022-2030) ($MN)
- Table 10 Global Air Suspension Market Outlook, By Light Duty Vehicles (2022-2030) ($MN)
- Table 11 Global Air Suspension Market Outlook, By Trucks (2022-2030) ($MN)
- Table 12 Global Air Suspension Market Outlook, By Buses & Coaches (2022-2030) ($MN)
- Table 13 Global Air Suspension Market Outlook, By Other Vehicles (2022-2030) ($MN)
- Table 14 Global Air Suspension Market Outlook, By Technology (2022-2030) ($MN)
- Table 15 Global Air Suspension Market Outlook, By Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 16 Global Air Suspension Market Outlook, By Non-Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 17 Global Air Suspension Market Outlook, By Other Technologies (2022-2030) ($MN)
- Table 18 Global Air Suspension Market Outlook, By End User (2022-2030) ($MN)
- Table 19 Global Air Suspension Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
- Table 20 Global Air Suspension Market Outlook, By Aftermarket (2022-2030) ($MN)
- Table 21 Global Air Suspension Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 22 North America Air Suspension Market Outlook, By Country (2022-2030) ($MN)
- Table 23 North America Air Suspension Market Outlook, By Component (2022-2030) ($MN)
- Table 24 North America Air Suspension Market Outlook, By Air Springs (2022-2030) ($MN)
- Table 25 North America Air Suspension Market Outlook, By Shock Absorbers (2022-2030) ($MN)
- Table 26 North America Air Suspension Market Outlook, By Air Compressors (2022-2030) ($MN)
- Table 27 North America Air Suspension Market Outlook, By Electronic Control Units (ECU) (2022-2030) ($MN)
- Table 28 North America Air Suspension Market Outlook, By Height Sensors (2022-2030) ($MN)
- Table 29 North America Air Suspension Market Outlook, By Other Components (2022-2030) ($MN)
- Table 30 North America Air Suspension Market Outlook, By Vehicle (2022-2030) ($MN)
- Table 31 North America Air Suspension Market Outlook, By Light Duty Vehicles (2022-2030) ($MN)
- Table 32 North America Air Suspension Market Outlook, By Trucks (2022-2030) ($MN)
- Table 33 North America Air Suspension Market Outlook, By Buses & Coaches (2022-2030) ($MN)
- Table 34 North America Air Suspension Market Outlook, By Other Vehicles (2022-2030) ($MN)
- Table 35 North America Air Suspension Market Outlook, By Technology (2022-2030) ($MN)
- Table 36 North America Air Suspension Market Outlook, By Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 37 North America Air Suspension Market Outlook, By Non-Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 38 North America Air Suspension Market Outlook, By Other Technologies (2022-2030) ($MN)
- Table 39 North America Air Suspension Market Outlook, By End User (2022-2030) ($MN)
- Table 40 North America Air Suspension Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
- Table 41 North America Air Suspension Market Outlook, By Aftermarket (2022-2030) ($MN)
- Table 42 North America Air Suspension Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 43 Europe Air Suspension Market Outlook, By Country (2022-2030) ($MN)
- Table 44 Europe Air Suspension Market Outlook, By Component (2022-2030) ($MN)
- Table 45 Europe Air Suspension Market Outlook, By Air Springs (2022-2030) ($MN)
- Table 46 Europe Air Suspension Market Outlook, By Shock Absorbers (2022-2030) ($MN)
- Table 47 Europe Air Suspension Market Outlook, By Air Compressors (2022-2030) ($MN)
- Table 48 Europe Air Suspension Market Outlook, By Electronic Control Units (ECU) (2022-2030) ($MN)
- Table 49 Europe Air Suspension Market Outlook, By Height Sensors (2022-2030) ($MN)
- Table 50 Europe Air Suspension Market Outlook, By Other Components (2022-2030) ($MN)
- Table 51 Europe Air Suspension Market Outlook, By Vehicle (2022-2030) ($MN)
- Table 52 Europe Air Suspension Market Outlook, By Light Duty Vehicles (2022-2030) ($MN)
- Table 53 Europe Air Suspension Market Outlook, By Trucks (2022-2030) ($MN)
- Table 54 Europe Air Suspension Market Outlook, By Buses & Coaches (2022-2030) ($MN)
- Table 55 Europe Air Suspension Market Outlook, By Other Vehicles (2022-2030) ($MN)
- Table 56 Europe Air Suspension Market Outlook, By Technology (2022-2030) ($MN)
- Table 57 Europe Air Suspension Market Outlook, By Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 58 Europe Air Suspension Market Outlook, By Non-Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 59 Europe Air Suspension Market Outlook, By Other Technologies (2022-2030) ($MN)
- Table 60 Europe Air Suspension Market Outlook, By End User (2022-2030) ($MN)
- Table 61 Europe Air Suspension Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
- Table 62 Europe Air Suspension Market Outlook, By Aftermarket (2022-2030) ($MN)
- Table 63 Europe Air Suspension Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 64 Asia Pacific Air Suspension Market Outlook, By Country (2022-2030) ($MN)
- Table 65 Asia Pacific Air Suspension Market Outlook, By Component (2022-2030) ($MN)
- Table 66 Asia Pacific Air Suspension Market Outlook, By Air Springs (2022-2030) ($MN)
- Table 67 Asia Pacific Air Suspension Market Outlook, By Shock Absorbers (2022-2030) ($MN)
- Table 68 Asia Pacific Air Suspension Market Outlook, By Air Compressors (2022-2030) ($MN)
- Table 69 Asia Pacific Air Suspension Market Outlook, By Electronic Control Units (ECU) (2022-2030) ($MN)
- Table 70 Asia Pacific Air Suspension Market Outlook, By Height Sensors (2022-2030) ($MN)
- Table 71 Asia Pacific Air Suspension Market Outlook, By Other Components (2022-2030) ($MN)
- Table 72 Asia Pacific Air Suspension Market Outlook, By Vehicle (2022-2030) ($MN)
- Table 73 Asia Pacific Air Suspension Market Outlook, By Light Duty Vehicles (2022-2030) ($MN)
- Table 74 Asia Pacific Air Suspension Market Outlook, By Trucks (2022-2030) ($MN)
- Table 75 Asia Pacific Air Suspension Market Outlook, By Buses & Coaches (2022-2030) ($MN)
- Table 76 Asia Pacific Air Suspension Market Outlook, By Other Vehicles (2022-2030) ($MN)
- Table 77 Asia Pacific Air Suspension Market Outlook, By Technology (2022-2030) ($MN)
- Table 78 Asia Pacific Air Suspension Market Outlook, By Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 79 Asia Pacific Air Suspension Market Outlook, By Non-Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 80 Asia Pacific Air Suspension Market Outlook, By Other Technologies (2022-2030) ($MN)
- Table 81 Asia Pacific Air Suspension Market Outlook, By End User (2022-2030) ($MN)
- Table 82 Asia Pacific Air Suspension Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
- Table 83 Asia Pacific Air Suspension Market Outlook, By Aftermarket (2022-2030) ($MN)
- Table 84 Asia Pacific Air Suspension Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 85 South America Air Suspension Market Outlook, By Country (2022-2030) ($MN)
- Table 86 South America Air Suspension Market Outlook, By Component (2022-2030) ($MN)
- Table 87 South America Air Suspension Market Outlook, By Air Springs (2022-2030) ($MN)
- Table 88 South America Air Suspension Market Outlook, By Shock Absorbers (2022-2030) ($MN)
- Table 89 South America Air Suspension Market Outlook, By Air Compressors (2022-2030) ($MN)
- Table 90 South America Air Suspension Market Outlook, By Electronic Control Units (ECU) (2022-2030) ($MN)
- Table 91 South America Air Suspension Market Outlook, By Height Sensors (2022-2030) ($MN)
- Table 92 South America Air Suspension Market Outlook, By Other Components (2022-2030) ($MN)
- Table 93 South America Air Suspension Market Outlook, By Vehicle (2022-2030) ($MN)
- Table 94 South America Air Suspension Market Outlook, By Light Duty Vehicles (2022-2030) ($MN)
- Table 95 South America Air Suspension Market Outlook, By Trucks (2022-2030) ($MN)
- Table 96 South America Air Suspension Market Outlook, By Buses & Coaches (2022-2030) ($MN)
- Table 97 South America Air Suspension Market Outlook, By Other Vehicles (2022-2030) ($MN)
- Table 98 South America Air Suspension Market Outlook, By Technology (2022-2030) ($MN)
- Table 99 South America Air Suspension Market Outlook, By Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 100 South America Air Suspension Market Outlook, By Non-Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 101 South America Air Suspension Market Outlook, By Other Technologies (2022-2030) ($MN)
- Table 102 South America Air Suspension Market Outlook, By End User (2022-2030) ($MN)
- Table 103 South America Air Suspension Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
- Table 104 South America Air Suspension Market Outlook, By Aftermarket (2022-2030) ($MN)
- Table 105 South America Air Suspension Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 106 Middle East & Africa Air Suspension Market Outlook, By Country (2022-2030) ($MN)
- Table 107 Middle East & Africa Air Suspension Market Outlook, By Component (2022-2030) ($MN)
- Table 108 Middle East & Africa Air Suspension Market Outlook, By Air Springs (2022-2030) ($MN)
- Table 109 Middle East & Africa Air Suspension Market Outlook, By Shock Absorbers (2022-2030) ($MN)
- Table 110 Middle East & Africa Air Suspension Market Outlook, By Air Compressors (2022-2030) ($MN)
- Table 111 Middle East & Africa Air Suspension Market Outlook, By Electronic Control Units (ECU) (2022-2030) ($MN)
- Table 112 Middle East & Africa Air Suspension Market Outlook, By Height Sensors (2022-2030) ($MN)
- Table 113 Middle East & Africa Air Suspension Market Outlook, By Other Components (2022-2030) ($MN)
- Table 114 Middle East & Africa Air Suspension Market Outlook, By Vehicle (2022-2030) ($MN)
- Table 115 Middle East & Africa Air Suspension Market Outlook, By Light Duty Vehicles (2022-2030) ($MN)
- Table 116 Middle East & Africa Air Suspension Market Outlook, By Trucks (2022-2030) ($MN)
- Table 117 Middle East & Africa Air Suspension Market Outlook, By Buses & Coaches (2022-2030) ($MN)
- Table 118 Middle East & Africa Air Suspension Market Outlook, By Other Vehicles (2022-2030) ($MN)
- Table 119 Middle East & Africa Air Suspension Market Outlook, By Technology (2022-2030) ($MN)
- Table 120 Middle East & Africa Air Suspension Market Outlook, By Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 121 Middle East & Africa Air Suspension Market Outlook, By Non-Electronically Controlled Air Suspension (2022-2030) ($MN)
- Table 122 Middle East & Africa Air Suspension Market Outlook, By Other Technologies (2022-2030) ($MN)
- Table 123 Middle East & Africa Air Suspension Market Outlook, By End User (2022-2030) ($MN)
- Table 124 Middle East & Africa Air Suspension Market Outlook, By Original Equipment Manufacturers (2022-2030) ($MN)
- Table 125 Middle East & Africa Air Suspension Market Outlook, By Aftermarket (2022-2030) ($MN)
- Table 126 Middle East & Africa Air Suspension Market Outlook, By Other End Users (2022-2030) ($MN)
